A long-dormant Bitcoin whale has suddenly reawakened, transferring nearly $40 billion worth of BTC on Sunday after more than a decade of inactivity. The massive transaction has sparked fresh speculation across the crypto market as investors closely monitor large wallet movements amid ongoing Bitcoin price volatility.
Bitcoin traded near $81,300 as Polymarket showed 99% odds of a Russia-Ukraine ceasefire by the end of 2026, and on-chain data improved.
Morgan Stanley's MSBT Bitcoin ETF recorded zero outflows in its first month of trading.
A long-dormant whale woke up Sunday, moving millions worth of bitcoin on-chain.
Michael Saylor, Executive Chairman of Strategy Inc. (NASDAQ:MSTR ), reaffirmed on Sunday his long-standing support of Bitcoin (CRYPTO: BTC) and announced the company will resume adding BTC to its treasury. Saylor's Message To ‘₿ears' Saylor posted on X an AI-generated video of himself carrying a bear through a forest while smoking a cigar, captioned “No More ₿ears.
Strategy President and CEO Phong Le said the company's value extends beyond its bitcoin holdings because of its enterprise software operations, compliance infrastructure, and global scale. Strategy reported its strongest software quarter in a decade, including 59% cloud revenue growth and more than 3,000 customers worldwide.
Bitcoin price started a fresh increase and cleared the $81,500 zone. BTC is consolidating and might aim for more gains above the $82,450 level.
During the 12 years of inactivity, the value of 500 BTC has appreciated 89-fold, from $457,070 to $40.6 million.
With bitcoin drifting around the $82,000 mark on Sunday, several long-dormant bitcoin holders moved their stashes for the first time in years. One address created in November 2013 transferred 500 BTC this afternoon, valued at more than $40 million, into a newly established Bech32 (Segwit) bitcoin address.
Even the best assets can become poor investments when bought at inflated prices—a lesson that continues to resonate in crypto markets where momentum and emotion often overpower valuation discipline. The message was highlighted in a Korean-language investor education column referencing a well-known maxim from Charlie Munger: buying a ‘good company' at a ‘high price' tends to lead to weaker long-term returns.
Bitcoin (BTC) surged past the $81,000 level over the weekend, fueling optimism across the crypto market as traders closely monitor key U.S. economic data and rising geopolitical tensions. Analysts now point to $83,400 as Bitcoins next major resistance target, supported by Fibonacci retracement levels and strengthening momentum indicators.
Michael Saylor has hinted that Strategy, formerly known as MicroStrategy, may soon resume its aggressive Bitcoin acquisition strategy after briefly pausing purchases. The Bitcoin treasury company could announce a fresh BTC buy as early as Monday, May 11, continuing a trend that crypto investors closely monitor.